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Alexander Stefanov

Arizona Senate Bill 1649 Seeks Digital Asset Reserve Built From Seized Crypto Funds

On 4 March 2026, Arizona's Senate Bill 1649 moved forward as a proposal to create a Digital Assets Strategic Reserve Fund managed by the state treasurer and funded with cryptocurrency obtained through criminal cases. The measure would allow up to 10% of public funds to be invested in eligible digital assets such as Bitcoin, XRP, DigiByte, stablecoins, and NFTs, but still faces a full Senate vote and potential opposition from Governor Katie Hobbs over volatility concerns.